Senate Panel Proposes Study of One Key Youngkin Income Tax Proposal, But Supports One-Time Refunds

Source: Richmond Times-Dispatch (metered paywall - 7 articles per month)

A major piece of Gov. Glenn Youngkin's tax cut package suffered a serious blow on Thursday, when a Senate panel recommended deferring the proposed doubling of the standard deduction on income taxes for a year to allow study by a special subcommittee on tax policy. A Senate Finance & Appropriations subcommittee voted to send similar bills to raise the deduction, proposed by Senate Minority Leader Tommy Norment, R-James City, and Sen. David Suetterlein, R-Roanoke County, to a new special subcommittee to study over the coming year.